Gold Intraday — Key Support at 4,355

TECHNICAL WATCH · GOLD · 4-HOUR · 11 AUGUST 2026 BIAS: Upside potential while Gold remains above 4,355 Gold remains constructive while holding above 4,355, a key support level around the 38% Fibonacci retracement on the 4-hour chart. The main level I'm watching is 4,355. While Gold remains above this level, the focus remains on another test of 4,435 resistance. LEVELS I'M WATCHING 4,435 — KEY RESISTANCE. 4,435 marks the 11 August high and is the immediate resistance level. A confirmed 4-hour close above 4,435 could open the way toward 4,529, followed by 4,594. 4,355 — KEY SUPPORT. This is the most important level in the current setup and represents the 38% Fibonacci retracement on the 4-hour chart. As long as Gold continues to hold above 4,355 on a 4-hour closing basis, the short-term outlook remains tilted to the upside. 4,305 — NEXT SUPPORT. A confirmed 4-hour close below 4,355 would weaken the current bullish setup and shift attention toward 4,305, the next Fibonacci support area. 4,223 — MAJOR DOWNSIDE SUPPORT. If Gold continues lower through 4,305, the next major level I'm watching is 4,223, around the 6 August low. UPSIDE SCENARIO Hold above 4,355 → retest 4,435. A 4-hour close above 4,435 → 4,529. Further strength → 4,594. DOWNSIDE SCENARIO A 4-hour close below 4,355 → watch 4,305. A break below 4,305 → watch 4,223. CURRENT OUTLOOK: BULLISH ABOVE 4,355 The short-term upside bias remains intact while Gold holds above 4,355. A break above 4,435 would strengthen the bullish setup, while a confirmed 4-hour close below 4,355 would weaken it. VOLATILITY DRIVER: U.S.–Iran developments Updates surrounding the U.S.–Iran situation remain an important potential volatility driver for Gold, particularly through changes in geopolitical risk and safe-haven demand. Personal market notes and observations only — not financial advice.